Morpho Powers Robinhood Crypto Earn as Institutional Support Grows
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Robinhood Crypto launched Crypto Earn on its new Layer 2 mainnet using Morpho’s DeFi lending infrastructure, pushing the MORPHO token up more than 12%. Standard Chartered initiated institutional coverage as Morpho reports over $11B in deposits and a $250M+ fundraising to support partnerships, highlighting growing institutional adoption, Layer 2 yield product integration and potential market upside.
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- Robinhood Crypto launched Crypto Earn using Morpho’s lending infrastructure on its new Layer 2.
- Standard Chartered initiated Morpho coverage as institutional adoption continued to expand.
- Morpho manages over $11B in deposits after raising more than $250M to support partnerships.
Morpho moved further into the institutional spotlight after two separate developments placed the decentralized lending protocol at the center of new financial products and research coverage. On the same day, Standard Chartered initiated coverage of Morpho, while Robinhood Crypto introduced a Crypto Earn service that uses the protocol’s lending infrastructure.
The announcements came as Robinhood launched the mainnet of its new Layer 2 network, with Morpho’s technology serving as the foundation for the yield-generating product. Following the updates, the MORPHO token gained more than 12% duri…
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